This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). ... (Read 65 times)

Emmejo01

  • Full Member
  • ***
  • Posts: 131
on: Oct 12, 2022

Suppose an island economy has only two labour markets- fishing (high skill) and farming (low skill). There are 1000 males and 1000 females in the labour force. There is an equal distribution of skilled and non-skilled workers among each sex.



FIGURE 14-1

Refer to Figure 14-1. Suppose the employers in the fishers labour market begin to discriminate against male workers, and we move to a new equilibrium in each market. In the absence of any government intervention in these markets, what forces might we expect to see over time?
1) All female workers will migrate to the fishers labour market due to the higher wage.
2) The discriminatory wage differential will tend to be eliminated by the pursuit of profit.
3) Some firm owners in the fishing labour market will find it profitable to hire high-skill males, thus reducing the wage differential.


◦ 1 only
◦ 2 only
◦ 3 only
◦ 1 and 2
◦ 2 and 3
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Emmejo01 on Oct 12, 2022

marufp

  • Full Member
  • ***
  • Posts: 169
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Emmejo01

  • Member
  • Posts: 131
Reply 2 on: Oct 12, 2022
Excellent

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Your heart beats over 36 million times a year.

Steller sea lions haul out on a rock off the coast of Raspberry Island (Alaska) Steller sea lions haul out on a rock off the coast of Raspberry Island (Alaska)
Farming Practices Influence Runoff and Sedimentation Farming Practices Influence Runoff and Sedimentation
A high-resolution model of the 50S ribosomal subunit A high-resolution model of the 50S ribosomal subunit
The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree The "Yes - Markets Self-Adjust" and "No - Markets Fail Often" camps agree
Erosion Due to Poor Farming Practices Erosion Due to Poor Farming Practices
Video: Biological organic compounds

For a complete list of videos, visit our video library